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Transactions on the floor of the Nigerian Exchange (NGX) on Wednesday remained on a positive trajectory, earning N861 billion.
Gains recorded in shares of Zenith Bank, Transco Hotel, FirstHoldco and others boosted the day’s trading activities.
Trading showed that strong gains in major stocks such as Stanbic, Vitafoam Nigeria Plc, Cap Plc, Nascon and 26 others had a positive impact on market performance
This resulted in the market capitalization of listed stocks rising by 0.61% to close at N141.384 trillion from N140.523 trillion reported the previous day.
The NGX All Share index also appreciated by 1,336.39 basis points to 219,586.20 points from 218,249.81 recorded on Tuesday.
The market’s momentum was positive with 31 advancers against 27 declines, bringing the year-to-date return to 41.11%.
Trading volume decreased by 121.228 million, or 15.06%, as investors traded 683.684 million versus 804.912 million recorded the previous day. The value of transactions decreased by 15.65% to stand at N36.167 billion in 51694 transactions.
NGX trading showed five companies closing with a 10% gain. Cap Plc, Vitafoam Nigeria and Transco Hotel rose 10% each to close at N110.00, N143.00 and N223.00 per share respectively. UACN and TransExpress also added 10% to close at N121.00 and N7.92 per unit respectively.
In contrast, Neimeth International Pharmaceuticals topped the losers table, losing 10% to close at N9.00 per unit, Abbey Building Society lagged with a loss of 9.85% to close at N5.95 per share, Living Trust Insurance down 8.94% to close at N3.36 per share, ABC Transport fell 8.65% to close at N5.70 per unit, HMcall fell by 6.23% to close at N3.61 per unit.
The result further indicates that FirstHoldco led the market activities with 76.643 million shares valued at N5.782 billion, United Bank for Africa followed with an account of 55.268 million shares worth N2.832 billion, Access Holdings traded 52.429 million shares valued at N1.620 billion, GTCO Plc traded 37.389 million shares valued at N4.875 billion while JapaulGold traded 30,166 million shares cost N94,354 million.
